SEOUL, Jun. 20 (Korea Bizwire) — A recent survey has revealed that the number of overseas stock investors in their 20s has been surging. Shinhan Investment Corp. said Wednesday that its survey of 30,000 customers investing in overseas stocks showed there were 17,340 investors in their 20s as of the end of May, accounting for [...]
SEOUL, Jun. 20 (Korea Bizwire) — The number of cryptocurrency exchanges in South Korea has risen amid a lack of regulations to prevent investors from trading virtual coins with opaque accounts, industry data showed Thursday. In May, the number of cryptocurrency exchanges stood at 205 in South Korea, although the frenzied buying seen in January [...]
SEOUL, Jun. 18 (Korea Bizwire) — The Cabinet approved an ordinance Tuesday to introduce an electronic securities system in September, under which listed stocks and bonds do not exist in paper form, officials said. Under the new system, issuance, registration and circulation of securities will be performed on an electronic basis without physical certificates starting [...]
SEOUL, Jun. 17 (Korea Bizwire) — Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to [...]
SEOUL, Jun. 13 (Korea Bizwire) — Private investors in the real estate market are turning to Real Estate Investment Trusts (REITs) as the market is suffering from an overall slump following government restrictions. SG Lab, a research arm of the South Korean real estate marketing firm MB& Holdings Co., reported that the number of REITs [...]
SEOUL, Jun. 10 (Korea Bizwire) — Short-selling of stocks on the South Korean bourses jumped to a seven-month high in May as local shares remained bearish amid escalating trade tension between the U.S. and China, data showed Monday. Daily stock short-selling averaged 537.5 billion won (US$454.8 million) in the main KOSPI and secondary KOSDAQ markets [...]
SEOUL, Jun. 7 (Korea Bizwire) — After a brief hiatus, local activist hedge fund Korea Corporate Governance Improvement (KCGI) is again ramping up its pressure on Hanjin KAL Corp., the holding company of logistics-centered Hanjin Group which has been increasingly under pressure to improve its corporate governance and even change its management, industry sources said [...]
SEOUL, May 30 (Korea Bizwire) — The market value of pharmaceuticals traded on South Korea’s minor bourse has plunged over the past two months due to a gene therapy drug scandal, data showed Thursday. The pharmaceutical industry index of the KOSDAQ market closed at 8,558.65 Wednesday, down 11.8 percent from two months earlier when the [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s bourse operator said Wednesday that a tax cut for stock trading will come into effect later this week, with analysts expecting the reduction to revitalize stock transactions, although there may be no sharp rise in trading volume in the long term. Starting Thursday, the transaction tax for [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s state pension operator cut the number of listed firms in which it has a stake of 5 percent or more in the first quarter of the year in an apparent bid to boost its investment returns, a corporate tracker said Wednesday. The National Pension Service (NPS) owned [...]